Auckland Airport suspends work on $2b worth of projects, 90 contractors go
The company has also let go 90 independent contractors.
The company has also let go 90 independent contractors.
Virgin Australia employs about 200 pilots and 260 cabin crew here.
As airlines stop flying here ways of getting home are becoming more limited.
Even in its weakened state aviation is transporting doctors, nurses and medicine.
Most airlines agree support from taxpayers is needed as the industry continues to suffer.
This is much different to the last time the Government bailed the airline out.
Shares in the company have tumbled to 91c this year
Airlines are balancing hunkering down with readiness for some sort of normal.
New boss says airline will prevail but will look much different.
Rob Fyfe says the airline must survive, takes a swipe over border rules.
The Govt will unveil a $600m package as the funding future of Air NZ is worked on.
Air NZ has slashed capacity and is poised for even deeper cuts in its domestic routes.
The move is a further blow to the airline which has suffered heavy losses recently.
Industry group says package a relief but bigger businesses missing out now.
Air New Zealand has activated crisis centres at head office and at Auckland Airport.
Moves to safeguard connections to the world have been welcomed.
Rocket Lab has so far delivered 48 satellites to orbit on the Electron launch vehicle.
Up to 30 per cent of Air NZ staff face losing their jobs as travel dries up
Staff will have to use annual leave or leave without pay to cover the move.
Air New Zealand Senior Manager Customer Care and Communications Doug Grant discussing the airline’s capacity reductions. Video / Supplied
An analyst says the Government is likely to be called in to help prop up the airline.
The airline is working with the Government and unions as the crisis deepens.
Shares in one of the world's biggest carriers fell by nearly 25 per cent.
The Scarlet Lady's delayed voyage is another blow to the embattled industry.
This comes a month after the company cut its annual earnings guidance by $5m.
But one NZ agent says there are signs businesses have plans to resume travel.
Hundreds of trips will need to be rebooked by agents.
Staff are being redeployed around the business.
Union leaders were shown the bleak demand picture at a meeting yesterday.